Macroeconomic data shows increasing pain for crypto investors in 2023. Decreasing chances of bull market as Fed remains hawkish, recession threats in U.S. persist.
#Crypto#altcoin#BlockNews
Immunefi report: Crypto industry lost $3.9B in 2022, 95.6% due to hacks. DeFi most targeted sector, suffering 80.5% in losses. CeFi suffered 19.5%.
#Crypto#BlockNews
FTX's U.S. and Bahamas wings form cooperation agreement on asset inventory, disposal and other issues. Court-appointed liquidators involved.
#Crypto#BlockNews
Mastercard partners with Polygon to launch Web3 musician accelerator program. Helps 5 emerging artists set up, manage brands in Web3 space, educates music industry on Web3 tech opportunities.
#Cryptocurrency#Polygon#BlockNews
Huobi confirms 20% layoffs, denies insolvency rumors. Key execs, including CFO, allegedly left following new shareholders' takeover.
#Crypto#blockchain#BlockNews
Huobi crypto exchange sees heavy token outflows, stablecoin reserves drop 9.5% in a week. On-chain data shows over $60M in tokens fled in past 24 hrs.
#Crypto#Blockchain#BlockNews
New York Attorney General sues former Celsius CEO Mashinsky for defrauding investors, misleading them about firm's health. Failed lending platform.
#Crypto#BlockNews#Blockchain
Genesis Global Trading lays off 30% of workers, down to 145 employees. Sales and business development departments hit hardest. Previously cut 20% in August.
#Crypto#BlockNews
Silvergate Capital cuts 40% of staff, halts digital currency plans and writes off $196M related to Diem Association acquisition. Shares down 41% pre-market.
#BTC#Crypto#BlockNews
Manhattan US Attorney's Office creates FTX Task Force to trace and recover missing customer funds, handle investigations and prosecutions following FTX collapse.
#FTX#cryptocurrencies#BlockNews
Shiba Inu-themed BONK tokens yielding big returns for Solana liquidity providers. Meme coin up 150% in past 24 hrs, high trading volumes on Solana DEXs.
#Solana#Crypto#BlockNews
Crypto investors are keeping a close eye on the ongoing business dispute between Gemini and Digital Currency Group (DCG), which has led to public accusations being traded by the two companies.
#Crypto#BlockNews#BTC